PAYROLL OUTSOURCING
Outsourcing your payroll to Fulcrum can take a lot off your shoulders and free up your time to allow you to focus on your core business thus contributing to maximum productivity. Market trends show that businesses who outsource their payroll find it highly cost effective due to, among other things, the ever changing legislative requirements. We offer customised solutions that take care of the formalities so that you can concentrate on the areas which will make your business more productive
Services
Processing of weekly, bi-weekly and monthly salaries and wages. • Maintaining records and completing the processing of annual, sick and family responsibility leave. • Calculation of overtime and public holidays worked. • We generate comprehensive and professional payslips which show both the employer contributions and employee statutory deductions: PAYE and UIF as well as any other deductions. • We handle deductions and contributions for retirement funds, provident funds and medical aids and reflect them on your employees’ payslips. • Equity reporting from payroll information. • Bi-annual preparation of IRP5 and IT3 certificates. • Handling of SARS e-filing submissions of UIF, PAYE and SDL levies. • Employment equity reporting. • Skills and Seta reporting. • We submit management reports weekly, bi-weekly or monthly to give you an opportunity to better plan and manage your business.
Benefits • Costs Saving – save on the costs of payroll software, as well as the cost of hiring and training full-time employees to run your payroll department.
• Expertise – legislation affecting payroll is complex and extensive. Fulcrum payroll team are specialists in the payroll area, with the expertise to deliver a fully-compliant payroll, thus alleviating the burden of ever changing legislation.
• Data Integrity and Confidentiality – by outsourcing your payroll to an external provider, you achieve an added level of confidentiality, our systems will ensure that your data remains confidential.
PAYROLL OUTSOURCING Agency in Chennai
About Chennai
Chennai, was popularly known as Madras till 1996, is the 4th (largest) metropolitan city of India. It’s located on the Coromandel Coast and serves as the capital of Tamil Nadu state. Chennai was named from Chennaipatanam which got its name from the ruler of this region Dhamara Chennapa Nayukudu. Chennai is known as the gateway of the south. The rapid growth in economy and industrial activities has led to the migration of loads of people from different parts of Tamil Nadu and India.
Demographics:
The provisional population census of 2011 count says that the population of Chennai is 8,696,010 with a density of 204 per hectare. It experiences a rapid rise in population due to the natural increase and also the higher rate of in-migration. The population growth rate is 7.77 % in the year in the last decade.
Connectivity:
Chennai is connected by golden quadrilateral system of highways. Its connected to the other parts of India by NH-4 linking Mumbai, Pune and Bangalore in the west, NH-5 joining Buwaneshwar in the east, NH-45 also known as the GST road connecting Trichy and NH- 205 terminating at Mandapalle in Andhra Pradesh. It has two main railway terminals Chennai Central and Chennai Egmore. Further it’s connected by LRT from different parts of the city. The new metro project CMRL is also being constructed with two corridors linking the city’s different parts. The city is connected by two ports, Chennai port and Ennore port. The Chennai port is the second busiest container hub in India. The Chennai international airport located at Meenampakkam on GST Road.
Administration:
Chennai’s city administration is governed by Chennai Corporation that was established in the year 1688. The region of Chennai is divided into north, south and central Chennai with its jurisdiction extending to 426 sq. km. CMDA, Chennai metropolitan development authority has jurisdiction spread over 1,192 sq.km which includes the peripheral areas of Chennai like OMR, GST roads.
Economy:
Chennais economy is well balanced between manufacturing and service sector diversified into automobile, software, healthcare, hardware manufacturing and financial service industries. It is expected to grow to 100 million dollars economy by 2025. This is 2.5 times higher than the existing. Chennais Tidel Park is the largest IT park built in Asia. Number of software companies have their offsets here with some having Chennai as their main base like Infosys. BMW and Ford also have their offices in Maraimalai Nagar which is a satellite town in suburbs of Chennai.
PAYROLL OUTSOURCING Agency in Andheri
About Chennai
PAYROLL OUTSOURCING Agency in Chennai
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